Key Points
- Bitcoin cash price tumbled sharply and broke the $800 support area against the US Dollar.
- There are two bearish trend lines formed with resistance at $770 and $810 on the hourly chart of the BCH/USD pair (data feed from Kraken).
- The pair is likely to extend the current decline below the $740 support level in the near term.
Bitcoin cash price is under pressure below the $800 support against the US Dollar. BCH/USD is trading below $760 and it could revisit the $720 support.
Bitcoin Cash Price Decline
There was a rejection noted around the $820 zone in bitcoin cash price against the US Dollar. The BCH/USD pair failed to break the 100 hourly simple moving average and $830. As a result, there was a sharp decline and the price tumbled below the $800 and $770 support levels. During the decline, it even settled below the last swing low at $780. Moreover, there was a break below the 1.236 Fib extension level of the last wave from the $779 low to $840 high.
It opened the doors for more losses and the price dipped below the $750 support area. At the outset, the price is now trading well below the $800 support and the 100 hourly SMA. On the downside, the $740 level may perhaps act as a support. It represents the 1.618 Fib extension level of the last wave from the $779 low to $840 high. Below this, the next support for buyers is around the $720 level. On the upside, an initial resistance sits at $765. There are also two bearish trend lines formed with resistance at $770 and $810 on the hourly chart of the BCH/USD pair.
Looking at the chart, the price is clearly in a downtrend and it could accelerate declines towards the $720 and $700 level.
Looking at the technical indicators:
Hourly MACD – The MACD for BCH/USD is gaining in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now in the oversold zone.
Major Support Level – $720
Major Resistance Level – $770
Author: Aayush Jindal
Source link
I’ve been browsing online greater than 3 hours today, yet I by no means discovered any interesting article like yours. It¦s lovely value enough for me. In my view, if all site owners and bloggers made just right content as you did, the net shall be much more helpful than ever before.
減肥以外 5個薯仔美容功效 可稱白髮救星 造型打扮 Grooming 新Monday 提起薯仔，好多人都會用它來作減肥，其實除了減肥，薯仔還有多個護膚功效，因為薯仔本身含有豐富的維他命C，具有很好的潔膚功效，能使乾燥皮膚變得柔潤光滑，對除斑及治療濕疹有極佳的功效。而當中的澱粉則能保護角質層、鎖住水份，令皮膚保持彈性、延緩衰老。唔信？即睇以下介紹的5大薯仔美容方法！
Josh Windass scored a hat-trick as Rangers moved back up to second in the Ladbrokes Premiership following a 5-3 comeback victory over Hamilton at the SuperSeal Stadium. Hamilton Academical 3-5 Rangers: Josh Windass hat-trick helps visitors climb into second place
The Liverpool exit door continues to swing wide open as Jurgen Klopp looks to cut down his squad ahead of the new Premier League season. A number of players face an uncertain Anfield future. Liverpool exodus continues as Jurgen Klopp trims squad… but who else is set for the Anfield exit this summer?
I think this is one of the most important information for me.
And i am glad reading your article. But wanna remark on few general things, The site style is wonderful, the articles is
really excellent : D. Good job, cheers
Hi, I do believe your site could possibly be having web browser compatibility problems.
Whenever I look at your site in Safari, it looks
fine however, if opening in I.E., it’s got some overlapping issues.
I merely wanted to give you a quick heads up! Apart from that, excellent blog!
I was excited to uncover this page. I want to to thank you for ones
time for this particularly fantastic read!!
I definitely loved every part of it and i also have you saved as a favorite to check out new stuff in your
site.
May I simply say what a relief to discover somebody
who truly understands what they’re discussing on the internet.
You actually realize how to bring a problem to light and make it important.
A lot more people should read this and understand this side of your story.
I was surprised you’re not more popular given that you certainly possess the gift.
Magnificent goods from you, man. I have understand your stuff previous
to and you are just too magnificent. I really like what you have acquired
here, really like what you are saying and the way in which you say it.
You make it entertaining and you still care for to keep it wise.
I can’t wait to read much more from you. This is really a
wonderful site.
Everything is very open with a clear explanation of the challenges.
It was really informative. Your website is extremely helpful.
Thank you for sharing!
… [Trackback]
[…] Find More on that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Info on that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] There you can find 83695 more Info on that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Read More to that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Here you can find 13025 additional Information to that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Information on that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Here you will find 42434 additional Information on that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Find More Info here to that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]
… [Trackback]
[…] Find More Information here to that Topic: tradingbtc.com/2018/08/01/bitcoin-cash-price-analysis-bch-usd-extending-losses-below-750/ […]